Founders Metals Inc V.FDR

Why did Orea let this land package go?

[Goldfinger88]

Anyone have any idea why Orea decided to give up 75% of Antino to Founders? Was it a cash problem so they simply had to choose between ValD'or (5 million ozs) over Antino (Colin Paget seems to think it may have 5-10 million ozs). Just a really bad oversight of Antino potential or something else? OREA stock is at 0.03 cents tells me they should have gone the other way.

[Goldfinger88]

*Montagne D'or

[arctan]

Orea has had its own complicated problems since early last year, because its flagship Montagne d'Or deposit in French Guiana was a 55-45 JV partnership with Nordgold, a Russian gold mining company. As you can imagine, since the Russia-Ukraine war began in early 2022, sanctions on Russian companies by the French, US, and Canadian governments have naturally created major problems for Orea's

[Goldfinger88]

Much thanks for the insight arctan, makes sense now. Certainly a bunch of clustrfks for Orea while Founders seems to be chugging along nicely.